After the last post, BTC was able to make an expressive high candle with significant volume, now attempting to return to the upper blue channel, where it was previously.
It is expected for the next two candles (eight hours), an upward formation, to break the current resistance and be able to float in the upper rectangle.
RSI is at a comfortable level, which opens up the continuity of price recovery.
Analyzing the daily chart, it is observed that the last high candle overlaps the previous lower candle, which gives more force to the rise and the formation of a high pivot.
Obs.: Do not take any material or analysis in this blog as a recommendation. It's just my opinion and this is not a financial advice.
I just hope we will soon see an end to this market drought. I wish sbd and steem will soar high again and the market will blossom as trading is very boring these days. To for sharing good tips always
I hope so. We need to be patient and the market will do the rest. Thanks for the comment, @kenhudoy
Welcome as always . Let's keep in touch
=)
Thanks, very good post !!!!
Awesome Work!
Keep it up!!!
@cryptoinvestinfo
What is your favorite Hardware Wallet?
Thank you, @cryptoinvestinfo